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Fund Code: HCBSH
HSBC Global Investment Funds - Global Lower Carbon Bond AM3HSGD Cash       
Risk Level: 2
Offering Document: 
Investment Objective
The sub-fund aims to provide long term total return by investing in a portfolio of corporate bonds, while promoting ESG characteristics within the meaning of Article 8 of SFDR. The sub-fund aims to do this with a lower carbon intensity calculated as a weighted average of the carbon intensities of the sub-fund’s investments, than the weighted average of the constituents of the Bloomberg Barclays Global Aggregate Corporate Diversified Index Hedged USD (the “Reference Benchmark”). From 26 May 2021, the sub-fund invests (normally a minimum of 70% of its net assets) in Investment Grade and Non-Investment Grade rated fixed income and other similar securities issued by companies meeting certain lower carbon criteria (“Lower Carbon Criteria”). The sub-fund will invest in both developed markets and Emerging Markets. Investments will be denominated in developed market and Emerging Market currencies.
Investment Strategy
HSBC investment category:
Global Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Investment instrument:
Bond, Cash, Other
Investment style is only applicable for funds that invest in equities. Interest rate sensitivity is only applicable for funds that invest in fixed income product.
Fund Portfolio
(as of 31-05-2024)
Asset allocation
Top 5 bond holdings country exposure
Country exposure %
United States 38.04
United Kingdom 16.18
France 13.06
Germany 4.60
Spain 4.04
Top 10 holdings
Holding % of net asset
5 Year Treasury Note Future Sept 24 6.57
Top 10 underlying holdings
% of asset in Top 10 holdings -
HSBC Corporate Bond Institutional Acc 9.22
Top 10 underlying holdings
Holding % of net asset
Long Gilt Future June 24 8.99
HSBC GIF Glbl Sctsd Crdt Bd ZQ1HGBP 2.32
NatWest Group PLC 3.125% 2.02
Barclays PLC 3.75% 1.90
M&G PLC 3.875% 1.63
AT&T Inc 2.9% 1.61
United Kingdom of Great Britain and Northern Ireland 1.25% 1.58
Sse PLC 8.375% 1.52
Santander UK Group Holdings PLC 2.92% 1.50
Barclays PLC 8.407% 1.50
% of asset in Top 10 holdings 24.56
Barc 1% Cdx 20/03/2023 - 20/06/2028 2.23
Top 10 underlying holdings
% of asset in Top 10 holdings -
2 Year Treasury Note Future Sept 24 1.87
Top 10 underlying holdings
% of asset in Top 10 holdings -
New York Life Global Funding 4.7% 1.29
Top 10 underlying holdings
% of asset in Top 10 holdings -
Ashtead Capital Inc. 5.8% 1.22
Top 10 underlying holdings
% of asset in Top 10 holdings -
US Treasury Bond Future Sept 24 1.22
Top 10 underlying holdings
% of asset in Top 10 holdings -
JPMorgan Chase & Co. 4.6% 1.04
Top 10 underlying holdings
% of asset in Top 10 holdings -
Assicurazioni Generali S.p.A. 5.272% 1.00
Top 10 underlying holdings
% of asset in Top 10 holdings -
Asahi Group Holdings Ltd 3.384% 0.94
Top 10 underlying holdings
% of asset in Top 10 holdings -
Schneider Electric SE 3.25% 0.92
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 26.61
Fund Performance
(as of 30-06-2024)
Fund: HSBC Global Investment Funds - Global Lower Carbon Bond AM3HSGD Cash
Fund indexed performance (initial value =100%). Performance statistics are based on offer-bid prices of the fund with dividend reinvested, in fund class currency
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • YTD
  • -
  • -
  • -4.17
  • -17.90
  • 3.89
  • -4.17
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 23-07-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (SGD).
Indicative fund price:
  • NAV:
SGD 8.141
  • Bid:
  • Offer:
Change vs previous trading day:
52 week low-high:
SGD 7.715 - SGD 8.348
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 30-06-2024)
Target distribution frequency:
Dividend yield:
Last dividend paid (per unit):
SGD 0.03
Last ex-dividend date:
Dividend yield is the dividend amount declared over the past twelve months as a percentage of the last month-end fund unit price, show in 2 decimal places. The amount of dividend may not be guaranteed by Fund House.
Yield And Credit Information
(as of 31-05-2024)
Average current yield:
Average yield to maturity:
Average duration:
5.86 years
Average credit quality:
Credit quality breakdown:
% %
AAA 1.31 BB 0.84
AA 9.76 B 0.09
A 30.25 Below B 0.00
BBB 56.32 Not Rated 1.43
Current yield refers to the annual interest of the bonds divided by the market price of a bond. Yield to maturity is the rate of return anticipated on a bond if it is held until the maturity date, assumed that all coupons are reinvested at the same rate. Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Credit quality is based on Standard and Poor’s classification.
Fund Statistic
(as of 30-06-2024)
Annualised return:
Standard deviation:
Sharpe ratio:
Fund statistics are calculated by using 3 years historical data, and are not calculated for fund which is less than 3 years old.
Sharpe ratio: Morningstar Asia Limited used the USD as the risk free factor for calculation
Fees and Charges
Initial charge:
Annual management fee (maximum):
Distribution fee:
Redemption fee:
Performance fee:
Highest contingent deferred sales charge:
Switching Fee:
The listed information may not cover all the fees and charges imposed on a fund. Please refer to the respective offering documents of the fund for details of relevant fees and charges.
Other Fund Information
Fund class currency:
Fund class inception date:
Fund share class size (Million):
USD 2.44
(as of 28-06-2024)
Fund manager
(Start date):
Jerry Samet (27-09-2017)
MohamedImtiaz Siddeeq (27-09-2017)
Jean-Olivier Neyrat (31-08-2019)
Fund house:
HSBC Global Asset Management (Singapore) Limited
Morningstar Rating:

Initial Investment Amount:
Other fund classes available with HSBC:
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The declaration of distribution is at the sole discretion of the Fund Manager and is not guaranteed. The dividend information is for your reference only and it is not indicative of future performance.

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The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund. You should refer to the detailed definition of fund risk level here.